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REGISTERED NUMBER: 04774589 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

BPS COMMERCIAL LIMITED

BPS COMMERCIAL LIMITED (REGISTERED NUMBER: 04774589)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BPS COMMERCIAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: Mrs A F Boot
D M Boot
D Boot
D M Boot





REGISTERED OFFICE: Unit 25
Bramshall Industrial Estate
Bramshall
Uttoxeter
Staffordshire
ST14 8TD





REGISTERED NUMBER: 04774589 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

BPS COMMERCIAL LIMITED (REGISTERED NUMBER: 04774589)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,634,957 1,555,314

CURRENT ASSETS
Stocks 123,002 110,688
Debtors 5 156,296 135,009
Cash at bank 68,565 17,376
347,863 263,073
CREDITORS
Amounts falling due within one year 6 103,946 88,709
NET CURRENT ASSETS 243,917 174,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,878,874

1,729,678

CREDITORS
Amounts falling due after more than one
year

7

(670,388

)

(554,492

)

PROVISIONS FOR LIABILITIES (35,938 ) (11,307 )
NET ASSETS 1,172,548 1,163,879

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 717,281 717,281
Retained earnings 455,167 446,498
1,172,548 1,163,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BPS COMMERCIAL LIMITED (REGISTERED NUMBER: 04774589)

BALANCE SHEET - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





Mrs A F Boot - Director


BPS COMMERCIAL LIMITED (REGISTERED NUMBER: 04774589)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

BPS Commercial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BPS COMMERCIAL LIMITED (REGISTERED NUMBER: 04774589)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 1,300,000 293,634 1,593,634
Additions - 97,058 97,058
At 31 May 2023 1,300,000 390,692 1,690,692
DEPRECIATION
At 1 June 2022 - 38,320 38,320
Charge for year - 17,415 17,415
At 31 May 2023 - 55,735 55,735
NET BOOK VALUE
At 31 May 2023 1,300,000 334,957 1,634,957
At 31 May 2022 1,300,000 255,314 1,555,314

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 22,000
DEPRECIATION
At 1 June 2022 8,489
Charge for year 2,702
At 31 May 2023 11,191
NET BOOK VALUE
At 31 May 2023 10,809
At 31 May 2022 13,511

BPS COMMERCIAL LIMITED (REGISTERED NUMBER: 04774589)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 142,374 119,734
Other debtors 13,922 15,275
156,296 135,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 18,645 20,740
Hire purchase contracts - 5,500
Trade creditors 42,710 32,623
Taxation and social security 36,489 20,985
Other creditors 6,102 8,861
103,946 88,709

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 172,051 186,145
Hire purchase contracts - 1,798
Other creditors 498,337 366,549
670,388 554,492

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 115,013 113,186

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 717,281

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BPS COMMERCIAL LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BPS Commercial Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BPS Commercial Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BPS Commercial Limited and state those matters that we have agreed to state to the Board of Directors of BPS Commercial Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BPS Commercial Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BPS Commercial Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BPS Commercial Limited. You consider that BPS Commercial Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BPS Commercial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB


15 February 2024